Wattpad

Toronto-based Wattpad has laid off 10 percent of its staff, or 15 people. All departments were affected by the layoffs, including product and engineering, marketing, and HR. The company says its “strategic realignment” will balance the needs of its current business, while allowing it to focus on emerging technologies.

On the latest episode of The Disruptors, co-host Amber Kanwar sat down with Wattpad CEO Allen Lau to discuss how the company — well-known for its active community of storytellers — is moving into the entertainment industry.